JT's Journal

Welcome to my thread. I trade many pairs- ~20 when I see a setup I like I take it. Also I compare correlation between pairs in moving markets (meaning London/US overlap)

My trading style is mostly VSA (you can search google and read plenty)

I try to stick with 4hr and daily/weekly for VSA and EW analysis.

EW is good for projections
VSA is good for entries and exits and understanding how the SM- known as several (aka: smart money- hedge funds - Illuminati- market markers- the players- Uncle Ben- The Four Horsemen) and how they intend to move the markets. Every pip of movement is controlled by them.

My MM-- I trade smaller TF's-- tp and move stops after 20-30 pip movements (sometimes abit more) 20-40 pip stop depending on entry. when winning 4.5 % per open trades-- when loosing 1% per open trades until original equity restored. (semi-turtle method )





References:

http://www.optionsoutlet.com/trading_technicals/improve_trading_elliot_wave.html
http://www.tradingfives.com/articles/elliott-wave-guide.htm
http://www.20minutetraders.com/learning/elliott-wave/elliott-wave-channels.php
　
Elliott-Wave-Principle- Frost and Prechter

Recently came across this one- Might be a good place to start...
http://www.20minutetraders.com/learning/elliott-wave/elliott-wave-channels.php

http://www.tradingfives.com/articles...wave-guide.htm

This site is difficult to navigate but has some good corrective wave pattern explainations
http://thepatternsite.com/Elliott.html

I was never that big a fan of MACD but helps in wave counting (not that you need it- but it has worked well for me...)
http://www.tradingfives.com/articles...oscillator.htm

Bill Williams mentions alot about the waves and Volume relationships -which tends to fit my trading style. I tried posting the .pdf..lol too big...

My personal favorite is EWP by Robert Balan. (another .pdf too large for here)

Here's Daily/Weekly

UY

Maybe I'm getting lazy in labeling but an ED end is an ED end...

AUDCAD...

Watching GU- it started to look like start of an impusive wave down- but it looks more like profit taking and distribution-- tops on GU's are almost always thrusts or candle reversals- this is neither...

And my UCAD...blunder... re-evaluating both Cadyen and Ucad...

I was 1:1 hedged now 1:.5 hedge (closed .5 of hedge) I also had another sell so technically I'm at BE or up

GY 4 hr really tells it all... Aug 7-9- should be up 400 pips from here. UY in a nice corrective wave (another 100 pips up?)- and AU/EU/GU strength should give the Yen crosses enough for some nice highs over the next 4 days or so...

And another... good example of what happpens at ED's...

GE Chart-- 10 Days with no Volume... Doesn't look good...

wavC is 1.618 of wavA- perfect correction .

Shot of GBPCAD...

mmm... rising USDCAD and FALLING GBPUSD???

Monthly suggests...

And daily shows some accumulation

It's Aug 10... GY failed... Yen strength isn't going away- simple a/b/c corrections then down

Appears to be daily distribution underway for GBPYEN

CHFJPY Monthly--

Still says USDCHF UP USDYEN DOWN in a big way...

Next stop for GU 1.5372

hi jeff

no posting for a month... i hope u ok

look forward to u r post

thanks jay

IIRC GU INITIALLY stopped at 1.5371... Couldn't take the pressure...

Here's the V chart...

GU update...

Looking for a wave2/B top.

1.5650- 1.57ish

One last note-- my last label for supply is BUYERS...- they entered the market after price dropped--

Moving my sell TP to BE

Yesterday 5 waves up for wave 1 followed by three waves down for wave 2.

We had both stopping volume and buyers this morning. we should see higher prices count is invalidated at 1.5500

Here's the 4hr view of GU- I'm prefering the 5m/15m charts though (1hr counts/views)

We had some selling yesterday late London and this am-- Just keeping an eye on it- as a larger buyer may move in- But this is still a valid alternate count.